Peter Schiff Says the Biggest Market Crash Will Not Start With Bitcoin, But Here

What happened

Peter Schiff said the next major market crash will start in the bond market because rising U.S. Treasury yields, not Bitcoin volatility, pose the real threat to global markets.

Confirmed

Global impact / market context

Higher Treasury yields can increase borrowing costs for governments and companies, potentially slowing economic growth and hurting investors who hold debt‑related assets, while Bitcoin is unlikely to trigger the crash.

Analyst inference

Bond yields have been climbing as investors price in higher inflation expectations, which can pressure equity valuations and force a shift away from risk assets, creating broader market instability.

Analyst inference

What to watch

1. Changes in U.S. Treasury yields, especially any rapid increases that could tighten financial conditions for borrowers. Confirmed
2. Reactions from major bond fund managers and central banks, which may adjust policy or holdings in response to yield moves. Analyst inference
3. Potential spill‑over effects on equity markets and corporate financing costs if bond yields continue to rise sharply. Analyst inference

Affected assets

• BTC — Bitcoin
• GOLD — GOLD

Evidence

• beincrypto.com